Company & Market profiles, Exclusive interviews, Opinion pieces and AUM rankings can be found exclusively for Subscribers.

View Special Reports

Data

Exclusive data compiled by our expert analysts on major trends in the sector.

View Data

Subscriber Editions

Read the latest subscriber edition, as well as our archives, including in-depth features, comments, exclusive research and guest articles.

View Subscriber Editions

People Moves

The latest hires and moves in the sector.

View People Moves

Fintrack Editions

Every month, FinTrack will showcase the latest innovations from financial providers around the world. Each innovation is assessed and rated on key criteria, to assist with identifying, tracking & understanding key innovation globally.

HSBC to offload its stake in Iraqs Dar Es Salaam Investment Bank

HSBC has confirmed that it will sell its majority stake in Iraq-based Dar Es Salaam Investment Bank (DES).

HSBC owns shares representing 70.1% of the issued share capital of DES as at 31 December 2012.

The British bank, which had a partnership with DES since October 2005, took the decision to sell the stake subsequent to a strategic review.

HSBC further advised DES that it will not subscribe to any offer of shares by DES as part of its proposed capital increase.

The pulling out of stake from DES is in sync with the bank’s three-year global restructuring process, where it plans to reduce retail banking business in certain Middle Eastern countries and merge its operations in Oman with a local bank.

The bank has also limited its Islamic banking operations.

Free download worth over $5000

Download our 2018 Technology, Media and Telecoms Predictions Report

Worth up to $5,850

In this report, we look at the 30 big tech themes for 2019, identifying winners and losers for each theme. This report will impact all industries helping:

CEOs/Senior Staff: in all industries understand the disruptive threats to their competitive landscape

Investors: Helps fund managers focus their time on the most interesting investment opportunities in global TM